Please help!
Steven borrows $60,000 for school. The intrest rate is 6.5%. He wants to pay off the loan in 12 years. What would be the simple intrest rate?

Answers

Answer 1

Answer:

i think it is $106,800.00

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 6.5%/100 = 0.065 per year.

Solving our equation:

A = 60000(1 + (0.065 × 12)) = 106800

A = $106,800.00

The total amount accrued, principal plus interest, from simple interest on a principal of $60,000.00 at a rate of 6.5% per year for 12 years is $106,800.00.

Answer 2

The simple interest rate for this loan is 78%.

What is simple interest?

It is the interest calculated on the principal at a given rate for a time period.

We have,

If Steven borrows $60,000 at an interest rate of 6.5%, the total amount of interest he will pay over 12 years can be calculated as:

I = Prt

where I is the interest, P is the principal amount borrowed ($60,000), r is the interest rate as a decimal (0.065), and t is the time period in years (12). Substituting the given values, we get:

I = 60000 x 0.065 x 12

I = $46,800

The simple interest rate is the ratio of the total interest paid to the principal borrowed, expressed as a percentage:

simple interest rate = (total interest/principal borrowed) x 100

Substituting the given values, we get:

simple interest rate = (46800 / 60000) * 100

simple interest rate = 78%

Therefore,

The simple interest rate for this loan is 78%.

Learn more about simple interests here:

https://brainly.com/question/25845758

#SPJ3


Related Questions

Which of the following modifications to the list of assets and liabilities below would result in a positive net worth? Home owned $105,000. Mortgage owed $100,000. Car valued at $26,000. Car loan of $22,000. Investment fund of $4,500. Savings of $1,500. Credit card balance of $15,000. A. Lowering mortgage by $1,000. B. Increasing investment fund by $500. C. Adding $100 to savings. D. All of the above. Please select the best answer from the choices provided A B C D.

Answers

Answer:

I think its D

Step-by-step explanation:

Answer:

d

Step-by-step explanation:

Use given triangle to fill in the blank.

Answers

Answer:

The choice first

[tex] \tan(x) = \frac{12}{5} [/tex]

is it true or false is this a function (pls help)

Answers

Answer: True

Use the vertical line test to determine whether or not a graph represents a function. If a vertical line is moved across the graph and, at any time, touches the graph at only one point, then the graph is a function. If the vertical line touches the graph at more than one point, then the graph is not a function.

Answer:

True

Step-by-step explanation:

Using the vertical line test since it only passes through the graph once it is a function

PLEASE HELP ME!! I ALREADY DID THE FIRST ONE BUT IM SO CONFUSED ABOUT THE OTHERS!!!

Answers

Answer:

i) 134

ii) Number of bottles sold on Tuesday:   [tex]\dfrac{x}{45}[/tex]

iii) Number of bottles sold on Wednesday:  [tex]\dfrac{(x-75)}{48}[/tex]

iv) [tex]x=3915[/tex]

Therefore, 87 bottles were sold on Tuesday and 80 bottles were sold on Wednesday

Step-by-step explanation:

i) You need to ensure that the values are both in the same format (either both in dollars, or both in cents).

45 cents = 45/100 dollars = 0.45 dollars

60.30 ÷ 0.45 = 134

ii) both values are in cents, so no need to convert one of them.

Let n be the number of bottles sold.

So 45n = x

Therefore, n = x/45

ii)

Let n be the number of bottles sold.

So 48n = (x - 75)

Therefore, n = [tex]\dfrac{(x-75)}{48}[/tex]

iv)

Number of bottles sold on Tuesday:   [tex]\dfrac{x}{45}[/tex]

Number of bottles sold on Wednesday:  [tex]\dfrac{(x-75)}{48}[/tex]

If the number of bottles sold on Tuesday was 7 more than those sold on Wednesday:

[tex]\implies \dfrac{x}{45}-7=\dfrac{(x-75)}{48}[/tex]

multiply both sides by 48:  

[tex]\implies \dfrac{48x}{45}-336=x-75[/tex]

multiply both sides by 45:

[tex]\implies 48x-15120=45x-3375[/tex]

[tex]\implies 3x=11745[/tex]

[tex]\implies x=3915[/tex]

Therefore, 87 bottles were sold on Tuesday and 80 bottles were sold on Wednesday

3 ratios equivalent to 5 : 2

Answers

Answer:

25/10 ,30/12,10/4

Step-by-step explanation:

1) 5/2*5/5

2)5/2*6/6

3)5/2*2/2

Look at the shaded shapes drawn on a square grid.
A
B
Steven says:
The area of rectangle A is double the area of square B.
Is he correct?
Explain your answer:

Answers

Answer:

No.  Steven is not correct.

Step-by-step explanation:

The area of shape A is 15 (either multiply 5 x 3 or just count squares).  The area of shape B is 9.

15 is not double 9.

Miles is buying a chair that regularly costs $250. Today the chair is on sale for 30% off. The sales tax of 6% is taken on the sales price. What will be the total cost, including tax, if Miles buys the chair today. (I ALREADY KNOW THE ANSWER. BUT I NEED THE WORK FOR THE ANSWER TO SHOW MY TEACHER) (the answer is $185.50)

Answers

Step-by-step Explanation:

First find out what is the price after 30% off.

250 · 0.3 = 75

250 - 75 = 175

Then find the tax and add it on. Remember to calculate the tax AFTER  the discount.

175 · 0.06 = 10.50

175 + 10.50 = 185.50

Ethan's monthly salary is $1850. In a particular month, he spent 20.5% of his salary on room rental, $690 on food and $940 on other expenses. Express the amount that he overspent as a percentage of his monthly salary, giving your answer correct to 2 decimal places.​

Answers

Answer:

He overspent 8.61% as a percentage of his monthly salary.

Step-by-step explanation:

Answer:

8.61% (2 dp)

Step-by-step explanation:

Salary = 1850

Food = 690

Other = 940

Rent = 20.5% = 20.5/100 = 0.205

Therefore, 20.5% of the salary = 0.205 x 1850 = 379.25

Total spent = 690 + 940 + 379.25 = 2009.25

Percent change = [ (difference between initial and final value) ÷ initial value] x 100

=[(2009.25 - 1850) ÷ 1850] x 100 = 8.61% (2 dp)

Isaac planted 64 fewer trees than Leon. Leon planted t trees. Write an expression that
shows how many trees Isaac planted.

Answers

Leon planted 64 more trees the Isaac
As a mathematical expression, if leon planted t trees, we know that Issac planted 64 less, so an expression for this could be

t - 64
(which is read as 64 trees less than 5)

Describe the steps you would use to factor the
trinomial 4x2 - 4x - 3.
-

Answers

Answer:

5-4x

Step-by-step explanation:

8 - 4x - 3

5 - 4x

Use the diagram below of similar triangles to find the value of y.

Answers

Answer:

y = 10.5

Step-by-step explanation:

Δ MOP and Δ MNQ are similar then the ratios of corresponding sides are in proportion, that is

[tex]\frac{OP}{NQ}[/tex] = [tex]\frac{MO}{MN}[/tex] ( substitute values )

[tex]\frac{y}{7}[/tex] = [tex]\frac{8+4}{8}[/tex] = [tex]\frac{12}{8}[/tex] ( cross- multiply )

8y = 84 ( divide both sides by 8 )

y = 10.5

Lisa pours 1/4 a 1 liter bottle of coke for each of her 4 family members. What is the decimal of coke they each receive?

Answers

Answer:

.25

Step-by-step explanation:

Answer:

if there are 4 people and she pours 1/4 of a 1-liter coke bottle equally, it means that she gave each member 25% or 0.25 of a liter or bottle of coke

5) −r − 10r 6) −2x + 11 +6x 7) 11r − 12r 8) −v + 12v 9) −8x −11x 10) 4p + 2p

pls help me simplify this

Answers

Hope this answers helps


What number is plotted on the number line?

Answers

Answer:

The number 0.7 is plotted on the number line.

Answer:

0.7.

Step-by-step explanation:

Count up 0 to 1.

Stop at the point.

If you stop at the point, you should know what the point is.

The point is graphed at 0.7.

. The selling price of 15 articles is Rs 1,500 at a gain of 8%. Find C.P of each article

Answers

Rs. 92.59 is each article's CP

Step-by-step Explanation:-

As per conditions given,

[tex]1500 \div 15 \div (1 + 8[/tex]%)

[tex] = > 100 \div 1.08[/tex]

[tex] = > approx. \: 92.59[/tex]

Hence, the CP of each article is Rs. 92.59

FIRST PART OF MY LAST QUESTION ONLY FOR ONE PERSON TO uSE ​

Answers

Answer:

C

Step-by-step explanation:

You just need to convert some of the mixed numbers so that they have a denominator (of the fraction part) as 8:

10 4/8 = 10 1/2

10 6/8 = 10 3/4

11 2/8 = 11 1/4

Just an answer and a simple explanation. Please and Thank you!

Answers

Answer:

x = 15°

Step-by-step explanation:

If you use Vertical Angles, you can move the two algebraic expressions next to each other and totaling 90° (because m and n are perpendicular)

x + 21 + 3x + 9 = 90°

combine like terms.

4x + 30 = 90

subtract 30 from both sides.

4x = 60

divide by 4.

x = 60/4

x = 15

2) What percent of 87 is 55 ?

Answers

Answer:

If you don't add decimals a 63.

Step-by-step explanation:

because 55 out of 87 correct on a test would be a 63%

Your answer is 63.2183908%

In 2020, summer camp registration was $15
more than it was in 2021. In 2020, registration
was $285. By what percentage did the summer
camp registration decrease in 2021?

Answers

Answer:

I think your answer is 5.25% or it could be 5.3 or 5

5.26 percent of the summer camp registration decreased in 2021

What is the percentage?

The ratio of two numbers that has no dimensions is what is known as a percentage. It may be used to determine how much one number exceeds another when comparing two figures, or it is used to compare the two statistics to a uniform grid.

In 2020, there was a $285 membership fee for summer camp.

It is stated that the membership cost for summer camp increased by $15 in 2020 compared to 2021. We can calculate the summer camp registration cost for 2021 using the data given.

In 2021, there was a $285-$15 membership fee for summer camps.

there was a $270 membership fee for summer camps.

The gradual decrease in the summer enrichment registration price must be determined = (Drop/Initial Value)*100 represents the proportion decrease.

= (15/285)*100 represents the percentage decline.

The membership price for summer camps has decreased by 5.26 percent.

Learn more about percentage, here:

https://brainly.com/question/29306119

#SPJ2

The table shows the membership cost for two CD clubs. How many CDs would you need to buy in a year in order for the total cost of both memberships to be the same?

CD Club Membership
Club #1: Annual Fee = 50$ and Cost Per CD = 7.50$
Club #2: Annual Fee = 35$ and Cost Per CD = 8.00$

Answers

Answer:

Club 1: 16 would be 120

Club 2: 15 would be 120

What are the values of a 1 and r of the geometric series? 1 3 9 27 81.

Answers

For the given geometric series the value of the common ratio(r) is 3, while the value of a₁  is 1.

What is geometric series?

A series of numbers whose any two consecutive numbers are always in a common ratio of that series.

Given to us

Series,  1 3 9 27 81

To find the value of the common ratio(r), we will simply find the ratio of any two consecutive numbers, therefore,

[tex]r = ratio = \dfrac{3}{1} = 3[/tex]

As we can see the common ratio of the given series is 3, therefore, every next number will be thrice the number before.

We need to find the value of a₁ for the given  series, and as we know that a₁ is the first number of the series with which the series is starting, therefore,

a₁  = 1

Hence, for the given geometric series the value of the common ratio(r) is 3, while the value of a₁  is 1.

Learn More about Geometric Series:

https://brainly.com/question/14320920

Krista’s mom has told her she need to make the pen 21 the size that she had planned (5 feet long by 4 21 feet wide). What will the area be? What are two possible lengths and widths she could use?.

Answers

The area of Krista’s mom new pan is 11 1/4 ft² and two possible dimensions are (5 , 4 1/2) and (4 1/2 , 2 1/2)

What is the area of a rectangle?

Area of a rectangle is the product of the length of the rectangle and the width of the rectangle. It can be given as,

[tex]A=a\times b[/tex]

Here, (a)is the length of the rectangle and (b) is the width of the rectangle

The dimensions of pan which, Krista’s mom, had planned is 5 feet long by 4 1/2 feet wide. Therefore, the length of the pen is 5 feet and the width of the pan is 4 1/2 feet.

Thus, the area of this rectangular pan is,

[tex]A=5\times4\dfrac{1}{2}\\A=5\times\dfrac{9}{2}\\A=22\dfrac{1}{2}\rm ft^2[/tex]

The area of the pan is 22 1/2 ft².

Now, Krista’s mom has told her she needs to make the pen 1/2 the size. Thus the area of new pan is,

[tex]A=\dfrac{22\dfrac{1}{2}}{2}\\A=\dfrac{\dfrac{45}{2}}{2}\\A=\dfrac{45}{4}}\\A=11\dfrac{1}{4}}\\[/tex]

For this area, possible dimensions are 4 1/2 and 2 1/2.

Hence, the area of Krista’s mom new pan is 11 1/4 ft² and two possible dimensions are (5 , 4 1/2) and (4 1/2 , 2 1/2)

Learn more about the area of rectangle here;

https://brainly.com/question/11202023

Triangle ABC is equilateral, what is the value of X, What is the measure of angle B

Answers

Answer:

x = [tex]\sqrt{48}[/tex]

Angle B = 60 degrees

Step-by-step explanation:

Since the triangle is equilateral, we know that all sides will be 8 units long. Side CB is split in half so each half (CD and DB) are 4 units long. Side CA is 8 units long and is the hypotenuse for triangle ACD. To find the unknown side (AD aka x):

4^2 + x^2 = 8^2.     use the pythagorean theorem

16 + x^2 = 64.     subtract 16 from both sides

x^2 = 48.     take the square root of both sides

x = [tex]\sqrt{48}[/tex]

For angle B, we know that all the angles in triangle ABC will be the same since it is an equilateral triangle.

180/3 = 60.     total sum of all angles in a triangle will be 180 so divide that by total angles (3)

Angle B = 60 degrees

The value of x is 6.92 units.

The measure of angle B is 60 degree.

What is Pythagoras theorem?

The Pythagoras theorem states that the square of a triangle's hypotenuse is equal to the sum of its other two sides' squares.

According to the Pythagoras theorem, the square of the hypotenuse of a triangle, which has a straight angle of 90 degrees, equals the sum of the squares of the other two sides.

Given:

Since the triangle is equilateral all sides will be 8 units long.

and, CD or DB  = 1/2 (CB)

                          = 4 units long.

Now, In ΔACD using Pythagoras theorem

4² + x² = 8²

16 + x² = 64

x² = 48

x = 6.92 unit.

and, We know all three angles of Equilateral triangle are Equal in measure.

So, 180/3 = 60.  

Learn more about Pythagoras theorem here:

https://brainly.com/question/21926466

#SPJ2

hey can someone please give me a step by step explian the answer

Answers

Answer:

x = 9/2

Step-by-step explanation:

The outside triangle is also a right triangle, with hypotenuse 8 and side 6.

The missing side can be calculated with pythagoras as:

[tex]\sqrt{8^2-6^2} = \sqrt{28}[/tex]

Now for the vertical line, lets call it y, which is a side for two "back to back" triangles, you can do pythagoras twice:

left triangle: [tex]y^2 + (8-x)^2 = 28[/tex]

right triangle: [tex]y^2 + x^2 = 6^2[/tex]

Eliminating y², you can solve:

[tex]28 - (8-x)^2 = 36 - x^2[/tex]

[tex]28 -x^2 + 16x - 64 = 36 - x^2[/tex]

[tex]16x = 36 + 64 - 28[/tex]

[tex]x = \frac92[/tex]

Write the equation in standard form. Identity the center and radius.
x² + y2 + 8x-4y-7=0

Answers

Answer:

equation;

[tex](x + 4) {}^{2} + (y - 2) {}^{2} = 27[/tex]

Center (-4,2)

Radius is

[tex]3 \sqrt{3} [/tex]

Step-by-step explanation:

Since the x^2 and y^2 have the same coeffiecent this will be a circle in a form of

[tex](x - h) {}^{2} + (y - k) {}^{2} = {r}^{2} [/tex]

Where (h,k) is center

r is the radius

So first we group like Terms together

[tex] {x}^{2} + 8x + {y}^{2} - 4y - 7 = 0[/tex]

Add 7 to both sides

[tex] {x}^{2} + 8x + {y}^{2} - 4y = 7[/tex]

[tex]( {x}^{2} + 8x) +( {y}^{2} - 4y) = 7[/tex]

Since the orginal form of the equation of the circle has a perfect square we need to complete the square for each problem

[tex] (\frac{8}{2} ) {}^{2} = 16[/tex]

and

[tex]( - \frac{4}{2} ) {}^{2} = 4[/tex]

so we have

[tex] {x}^{2} + 8x + 16 + {y}^{2} - 4y + 4y = 7 + 16 + 4[/tex]

[tex] {x}^{2} + 8x + 16 + {y}^{2} - 4y + 4y = 27[/tex]

[tex](x + 4) {}^{2} + (y - 2) {}^{2} = 27[/tex]

To find our center, h is -4 and k is 2

so the center is (-4,2)

The radius is

[tex] \sqrt{27} = 3 \sqrt{3} [/tex]

So the radius is 3 times sqr root of 3.

According to the graph, what is the value of the constant in the equation below?

Answers

well, let's take a look at the graph hmmmm as "x" is moving further towards the right, the line is going down, or namely "y" is lessening and lessening, which is another way to say that "y" is inversely proportional to "x".

well, we know a few points on the line hmmm let's use say hmm (10 , 8) to get the constant of proportionality.  Any point will do btw, we're just using this one.

[tex]\qquad \qquad \textit{inverse proportional variation} \\\\ \textit{\underline{y} varies inversely with \underline{x}} ~\hspace{6em} \stackrel{\textit{constant of variation}}{y=\cfrac{\stackrel{\downarrow }{k}}{x}~\hfill } \\\\ \textit{\underline{x} varies inversely with }\underline{z^5} ~\hspace{5.5em} \stackrel{\textit{constant of variation}}{x=\cfrac{\stackrel{\downarrow }{k}}{z^5}~\hfill } \\\\[-0.35em] \rule{34em}{0.25pt}[/tex]

[tex]\stackrel{\textit{"H" varies inversely with "w"}}{H=\cfrac{k}{w}}\qquad \textit{we know that} \begin{cases} H=8\\ w=10 \end{cases} \\\\\\ 8=\cfrac{k}{10}\implies \boxed{80=k}[/tex]

Fourteen equals fifteen decreased
by an unknown number.

Answers

Answer:

14 = 15 - x

Step-by-step explanation:

14 = 15 - x

14 = 15 -1

14 = 14

Hope this helps!

how many spaces are there total? 5) Jerry had 153 songs on his MP3 player. If he deleted 63 songs, what is the ratio of songs he kept to songs he deleted?​

Answers

The answer to the question is 90:63

Please I’m confused…

Answers

Answer:

I believe it should be

4 : 1 : 200

Step-by-step explanation:

2. Find the area of the shaded region. Express your answer in terms of
3 in
6 in
9 in
12 in
18 in

Answers

Answer:

Step-by-step explanation:

Find the area of the rectangle. A = length * width

Find the area of each circle.   A = π*radius*radius

Subtract the area of each circle from the area of the rectangle.

A = length * width

A = (3+6+9+12) * 18

A = 30 * 18

A = 540 square inches

Bottom circle

A = π * radius * radius.  (radius is 1/2 of the diameter)

A = 3.14 * 6 * 6

A = 133.04 square inches

Middle circle

A = π * radius * radius

A = 3.14 * 4.5 * 4.5

A = 63.59 square inches

Top circle

A = π * radius * radius

A = 3.14 * 3 * 3

A = 28.26 square inches

Subtract the circles from the rectangle.

540 - 133.04 - 63.59 - 28.26 = 315.11 square inches is the area of the shaded part.

Other Questions
I need this answered ASAP. A baseball hit bya player in the major leaguescan leave the bat at a speedof 110 miles per hour.Suppose a batter hits a ballat that speed directly backto the pitchers mound,about 61 feet from homeplate. To the nearest tenth ofa second, how long does ittake the ball to reach the mound? lets decide whether the following points are on the line 2x=y - 7 (-8.6, -10.2) Why did some families not talk after the war Sustainable development and land use planning are most concerned with _______. A. Reducing pollution in large cities b. Improving long-term city health c. Increased use of automobiles d. Economic stability Please select the best answer from the choices provided A B C D. WHAT NUMBER SHOULD REPLACE THE QUESTION MARK?ANSWER ONLY IN DIGITS What are the process the enzyme in the digestive system? How can 10% of 45 be used to determine 30% of 45? Describe the currents that form along the equator. In the Cheseapeake Bay ecosystem, beds of eelgrass provide food and shelter to growing blue crabs. As blue crabs mature, they feed on fish and are fed on by larger animals like egrets. As organisms die, decomposers like bacteria in the sand of eelgrass beds help break down organic material.Which of the following correctly matches a biotic factor in this ecosystem to the role it plays in cycling matter? A. Decomposers release carbon dioxide that eelgrass use for photosynthesis. B. Blue crabs convert carbon dioxide to organic sugars through respiration. C. Fish and other animals convert nitrogen to a form that can be used by plants. D. Sand contains nutrients like nitrogen that it transmits to eelgrass. present perfect tense of correr A side of the triangle below has been extended to form an exterior angle of 133. Find the value of x???????? PLEASE HELP ME I WILL MARK IF RIGHT Consider the polynomial p(x) = 16x4 - 81y4. Which of the following are equivalent expressions?Select all that apply. content words related to the desert Amelia has $25 to spend on makeup this week she loves lipstick each lipstick tube cost $4 what is the maximum number of lipsticks that she can purchaseone step inequality word problems Which expression represents the following word sentence? Four times the sum of 3. 2 and a number is the number less 1. 4. 4n 3. 2=1. 4n 4(3. 2 n)=n1. 4 4(n 3. 2)=1. 4n. HELP ME FIND MIDPOINT A total of 25 students are in German classes. there are 15 students in a beginner German classPart A What percent of the total students in German classes are in the beginner class?Part B Explain how you used proportion to find your answer help needed thanks it greatly appretiated Which of the following religions is practiced mainly in Japan?